The Committee on Taxation and Customs Policy recommends that the Parliament adopts as a Basis the Bill on Amendments to certain Laws of Ukraine regarding Excise Tax

11 March 2009, 11:49

The Bill (Reg. No.4133-1) increases the rates of excise tax for ethyl alcohol, wine, cognac, vermouth and heavy distillates in order to secure extra revenue of the State Budget.   

Moreover, the Bill considers condensed gas as excisable goods, and establishes the rate of excise duty (80 EUR for 1000 kg). However, zero-rate of excise duty will be applied in case condensed gas is used for everyday needs of natural persons (except of use for transport vehicles).  

The Committee members object against the increase of the excise duty for diesel fuel by 2,8 times. 

The People´s Deputies also believe that final provisions of the Bill should envisage "compensatory mechanisms for agriculture and housing and communal economy since the new fiscal year in order to reduce the cost of diesel fuel for the said sectors".